February 23, 2020  
 
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Selling a Company

 

Selling a Sculptors Equipment and Supplies Retail Business

Few entrepreneurs relish the idea of selling a business in a struggling economy. Yet sculptors equipment and supplies retail businesses continue to be sold at a brisk pace, outperforming the sales of many other types of businesses.

Although we're optimistic about the economy, we also recognize that it takes the right strategy to sell a sculptors equipment and supplies retail business in today's market.
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If you're ready to move on, now is the right time to sell your sculptors equipment and supplies retail business.

Before You Sell

There is a lot of work that needs to be done before you're ready to sell your sculptors equipment and supplies retail business. Perhaps the most important pre-sale consideration is to right-size your expectations to the realities of the market. Once your expectations are in the ballpark, you can move on to making your business presentable to prospective buyers.

When to End Negotiations

Negotiations have a way of dragging on forever. Yet eventually many negotiations reach a stage where further discussion is pointless. In a sculptors equipment and supplies retail business sale, a stalled negotiation can be an indication that the deal is dead. If you are adequately prepared, you'll know what your bottom line is -- and if the buyer is unwilling to meet your bottom line requirements or if negotiations are stalled, it's time to step back from the negotiating table and re-evaluate your options.

Working with Accountants

Accountants lay the financial groundwork for a business sale. Before your sculptors equipment and supplies retail business goes on the market, you should sit down with your accountant to clarify your financial goals and the tax consequences of a sale. A professional audit can ease buyer concerns and amp up the value of your financial presentation. With seller financing becoming common, professional accountants are playing a more central role in negotiations and buyer qualification.

More Info on Business Transitions and Related Articles

Given your interest in exit planning and in sculptors equipment and supplies retail businesses, you might find these additional resources to be of interest.

Marketing a Sculptors Equipment and Supplies Retail Business

How Much Is My Business Worth?


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Still have questions about selling a sculptors equipment and supplies retail business? Ask away and we'll do our best to get you a timely reply. We also welcome any tips or advice you'd care to share with others.


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